Wellspring Blog

“You Need an Innovation Strategy” is the title of a recent article in the Harvard Business Review; it is also a statement of fact. An organization without one is, as author Gary Pisano notes, a “grab bag of much-touted best practices” that will only become successful through sheer luck. Pisano...
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I recently attended TechScout 2013 in Amsterdam where I was able to listen to a variety of presentations on corporate open innovation programs. The event included participants who were in leadership roles as technology scouts and also showcased the resurgence of corporate venturing programs.
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A large number of papers, books, and blogs have touted the value and amount of investment devoted to Open Innovation. The focus has been the latest types of programs, case studies on particular companies, and “best” practices. However, a recent study has tried to measure the R&D performance from...
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I had the opportunity to listen in on the testimony of Dr. Brian R. Wamhoff (HemoShear, LLC), Dr. Elizabeth Hart-Wells (Purdue University), and Dr. Erik Lium (University of California) for the Subcommittee on Research and Technology last week. The subcommittee is currently evaluating draft...
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I was lucky enough to be able to attend the “Ten Types of Innovation” book launch party last night since it was held at The Institute of Design in Chicago, the first design school in the U.S. with a Ph.D. program, and an organization that we share a building with!
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I was looking for more information on how well ideation processes work this week, and I came across a great study by Karan Girotra, Christian Terwiesch, and Karl T. Ulrich at University of Pennsylvania was called “Idea Generation and the Quality of the Best Idea”. They ran a clever experiment to...
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Working with a client recently, a senior R&D leader was asked how many people in the company report to her. She answered 20. On an organization chart, she’d be right. But in the innovation world, the correct answer is close to 60.
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The results also show that being highly effective at idea conversion is more important to financial success than being highly skilled at generating ideas. - Booz & Company - 2012 Survey of the Global 10001
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